USDCAD [Potential Long]
1. Price broke strong downtrend and turn into range.
2. Price find strong support in below zone
3. Set Buy Stop when price turn around
4. In range price could turn any time, therefore targets need to be a bit consertivite.
5. When price move to 11 pips move stop to breakeven
6. TP1 will be 2R
7. TP2 will be 3R
2. Price find strong support in below zone
3. Set Buy Stop when price turn around
4. In range price could turn any time, therefore targets need to be a bit consertivite.
5. When price move to 11 pips move stop to breakeven
6. TP1 will be 2R
7. TP2 will be 3R
Note
Entry and Stop show below:Trade closed: stop reached
Stop loss. Was away from access chart, it when to 1R should move stop to breakeven as stop breakeven trade.Need to find some auto trade manager to allow to setup when to move breakeven.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.